{"filing":{"accession_number":"0000353184-26-000045","cik":"0000353184","ticker":"AIRTP","company_name":"AIR T INC","form":"8-K","filing_date":"2026-06-16","report_date":null,"primary_document":"airt-20260616.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/353184/000035318426000045/airt-20260616.htm"},"events":[{"id":11362,"run_id":9978,"accession_number":"0000353184-26-000045","anchor_item_number":"1.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"summary":"Air T, Inc. completed a material acquisition of Arena Aviation Partners B.V. for $21.75 million in cash consideration on June 10, 2026, with contingent consideration potentially reaching $23.0 million. The transaction also involved a significant reorganization of the Crestone Asset Management platform through CAP as the platform vehicle, including a $6.2 million acquisition of the MRC Parties' 10% interest in CAM and $21.7 million in capitalization contributions.","company_name":"AIR T INC","ticker":"AIRTP","filing_date":"2026-06-16","form":"8-K","submitted_at":null,"items":[{"id":7931,"accession_number":"0000353184-26-000045","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Air T, Inc. completed a material acquisition of Arena Aviation Partners B.V. for $21.75 million in cash consideration on June 10, 2026, with contingent consideration potentially reaching $23.0 million. The transaction also involved a significant reorganization of the Crestone Asset Management platform through CAP as the platform vehicle, including a $6.2 million acquisition of the MRC Parties' 10% interest in CAM and $21.7 million in capitalization contributions. This is a classic Item 1.01 material acquisition and reorganization transaction that would materially affect investor assessment of the registrant's business and financial position.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-16T20:45:11.783099+00:00","company_name":"","ticker":null,"filing_date":""},{"id":7932,"accession_number":"0000353184-26-000045","item_number":"2.01","item_title":"Completion of Acquisition or Disposition of Assets","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Item 2.01 discloses the completion of an acquisition by CAP of 100% of the outstanding shares of Arena, an aviation asset management platform. The acquisition involved cash consideration funded by Class B Preferred Unit capitalization. This is a material acquisition event requiring disclosure under Item 2.01 of Form 8-K.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-16T20:45:11.783099+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":11363,"run_id":9978,"accession_number":"0000353184-26-000045","anchor_item_number":"2.03","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.55,"summary":"Air T, Inc. created a direct financial obligation through Amendment No. 6 to the Alerus Credit Agreement and Overline Note. The specific nature of the obligation—whether involving a covenant modification, debt restructuring, or other arrangement—cannot be definitively determined without full visibility into the amendment details.","company_name":"AIR T INC","ticker":"AIRTP","filing_date":"2026-06-16","form":"8-K","submitted_at":null,"items":[{"id":7933,"accession_number":"0000353184-26-000045","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.55,"reasoning":"Item 2.03 discloses creation of a direct financial obligation, and the section references \"Amendment No. 6 to Alerus Credit Agreement and Overline Note\" incorporated from Item 1.01. Without the full Item 1.01 text, the specific nature of the obligation cannot be definitively determined—it could involve a covenant breach, debt restructuring, or other material financial arrangement. The materiality is clear (Item 2.03 filing), but the precise event type requires visibility into the underlying amendment details.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-16T20:45:11.783099+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":7931,"accession_number":"0000353184-26-000045","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Air T, Inc. completed a material acquisition of Arena Aviation Partners B.V. for $21.75 million in cash consideration on June 10, 2026, with contingent consideration potentially reaching $23.0 million. The transaction also involved a significant reorganization of the Crestone Asset Management platform through CAP as the platform vehicle, including a $6.2 million acquisition of the MRC Parties' 10% interest in CAM and $21.7 million in capitalization contributions. This is a classic Item 1.01 material acquisition and reorganization transaction that would materially affect investor assessment of the registrant's business and financial position.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-16T20:45:11.783099+00:00","company_name":"AIR T INC","ticker":"AIRTP","filing_date":"2026-06-16"},{"id":7932,"accession_number":"0000353184-26-000045","item_number":"2.01","item_title":"Completion of Acquisition or Disposition of Assets","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Item 2.01 discloses the completion of an acquisition by CAP of 100% of the outstanding shares of Arena, an aviation asset management platform. The acquisition involved cash consideration funded by Class B Preferred Unit capitalization. This is a material acquisition event requiring disclosure under Item 2.01 of Form 8-K.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-16T20:45:11.783099+00:00","company_name":"AIR T INC","ticker":"AIRTP","filing_date":"2026-06-16"},{"id":7933,"accession_number":"0000353184-26-000045","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.55,"reasoning":"Item 2.03 discloses creation of a direct financial obligation, and the section references \"Amendment No. 6 to Alerus Credit Agreement and Overline Note\" incorporated from Item 1.01. Without the full Item 1.01 text, the specific nature of the obligation cannot be definitively determined—it could involve a covenant breach, debt restructuring, or other material financial arrangement. The materiality is clear (Item 2.03 filing), but the precise event type requires visibility into the underlying amendment details.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-16T20:45:11.783099+00:00","company_name":"AIR T INC","ticker":"AIRTP","filing_date":"2026-06-16"}]}